Mirae Asset Global Investments Co. Ltd. Buys 82,394 Shares of Radware Ltd. (NASDAQ:RDWR)

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Radware Ltd. (NASDAQ:RDWRGet Rating) by 19.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 502,120 shares of the information technology services provider’s stock after buying an additional 82,394 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Radware were worth $16,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of RDWR. Meitav Dash Investments Ltd. raised its position in shares of Radware by 311.9% during the first quarter. Meitav Dash Investments Ltd. now owns 845,487 shares of the information technology services provider’s stock valued at $26,863,000 after buying an additional 640,230 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of Radware by 71.5% during the first quarter. Loomis Sayles & Co. L P now owns 1,245,971 shares of the information technology services provider’s stock valued at $39,834,000 after buying an additional 519,521 shares during the last quarter. HighTower Advisors LLC raised its position in shares of Radware by 114.5% during the first quarter. HighTower Advisors LLC now owns 453,158 shares of the information technology services provider’s stock valued at $14,487,000 after buying an additional 241,849 shares during the last quarter. Lynrock Lake LP bought a new stake in shares of Radware during the fourth quarter valued at approximately $9,910,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Radware by 121.8% during the first quarter. Goldman Sachs Group Inc. now owns 167,892 shares of the information technology services provider’s stock valued at $5,368,000 after buying an additional 92,188 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on RDWR shares. Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Monday, August 8th. StockNews.com lowered shares of Radware from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Radware currently has a consensus rating of “Hold”.

Radware Stock Down 3.3 %

NASDAQ RDWR opened at $22.41 on Monday. The company has a fifty day moving average of $22.37 and a two-hundred day moving average of $25.58. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 172.38, a PEG ratio of 78.63 and a beta of 1.07. Radware Ltd. has a 52 week low of $20.51 and a 52 week high of $42.19.

Radware (NASDAQ:RDWRGet Rating) last released its earnings results on Monday, August 8th. The information technology services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Radware had a return on equity of 4.92% and a net margin of 2.11%. The business had revenue of $75.10 million for the quarter, compared to the consensus estimate of $75.68 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Radware Ltd. will post 0.28 EPS for the current year.

Radware Company Profile

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Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.

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Institutional Ownership by Quarter for Radware (NASDAQ:RDWR)

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